Feel free to merge with old thread, but it's in the dust, I think. But since the main page has posted several links on it, I thought I'd kick up another discussion.
The "4 conferences of 16" talk is heating up. What this is really going to do is create 8 defacto 8 team sub-conferences/divisions, but each pair of sub-conferences will be tied together through a championship game/tournament/etc. Think of it like 4 mini MLBs prior to expansion to 3 divisions.
The scary talk is the potential for these 64 schools (basically, the BCS schools and Notre Dame, kicking out Cincy, and one of the triumverate of USF, Baylor and Iowa State) creating a tournament to compete with/replace the NCAA basketball tourney in much the same way the NCAA once took on the NIT.